Anonymous wrote:
Don't rely on HOW warranties - they are a crock. And have big $ set aside for rainy day emergencies. And ask for the seller to fix stuff if you can negotiate. In our neighborhood, that isn't an option so ask your realtor.
This varies. When I bought my first home, I got my money's worth out of the home appliance warranty. The water boiler was on its last legs and I got an $800 water boiler on the warranty. I also had servicing done on the washer, dryer and dishwasher. None were horrible, but all would have been visits I would have had to pay and I got a gasket on the dishwasher also included. Considering that the previous owner spent about $400 and I got about $1000 worth of service from the deal, it was worth it.
Also, when I sold that same house 3 years ago, I bought an appliance warranty package for it. This was one of the selling points and the buyers definitely wanted that. It smoothed things over since I already had it on the house.
They are good for what they cover (appliances).